 "news digest")
S&P refuses to do a Moody's; maintains status quo on India's rating
Credit rating agency Standard & Poor’s (S&P) on Friday retained India’s sovereign rating at the lowest investment grade with a stable outlook. It attributed its decision to a weak fiscal position, particularly of states, high government debt, and low per capita income.
S&P’s rating remains at BBB-, one notch above junk and a notch below what Moody’s Investors Service upgraded India to recently. Read more
India needs to look beyond Buenos Aires, says Suresh Prabhu
With a little over a fortnight left before the World Trade
